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Spain to explore oil reserves on its east coast
Spanish oil company signs up a leading Norwegian engineering company to do infrastructure work for to oil exploration projects off the east coast of Spain
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Chinese hackers target government
The Chinese government has embarked on a massive industrial espionage campaign aimed to hasten China’s rise to global technological and economic dominance while at the same time weakening Western companies; Aussie intelligence says Australia is now also a target of that campaign
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India's Tata Group, U.S. company to manufacture defense equipment
India is worried about China’s growing military might; Indian companies see an opportunity here, and more and more of them are looking to enter the defense market — with U.S. companies as partners; the U.S. government, too, is intensifying its defense cooperation with India
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airBaltic selects cockpit security from AD Aerospace
One key security upgrade which resulted from the 9/11 attacks has been the installation of impregnable cockpit doors; locked doors means that the pilots need other means to monitor area right outside the cockpit — and airBaltic chooses AD Aerospace’s gear for that
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Lumidigm completes $7 million funding round
VCs continue to show interest in biometric technologies; Series C funds will support customer-centric deployments of multispectral imaging fingerprint systems
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Magal Security Systems receives $45 million in contracts
Israeli smart-fencing company receives contracts from several U.S. critical infrastructure operators; recent developments along the Gaza-Stip-Egypt border offer Magal new opportunities
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Emphasis shifts to analytical tools rather than building sturdier walls
The $169 million PayPal paid for Israeli on-line security specialist Fraud Sciences is part of a larger trend in security: “Security is less a matter of keeping everyone outside the outer wall and more one of detecting them sneaking through the premises,” as one analyst put it
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Intel No.1 on EPA Green Power Partner list
Intel will purchase more than 1.3 billion kilowatt hours a year of renewable energy certificates; company said it hoped the record-setting purchase would help stimulate the market for green power
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U.K. Ministry of Defense selects BAE for SSEI
The Software Systems Engineering Initiative (SSEI) aims to reduce the cost and speed up production of the software; the government has identified such software as “the critical enabling technology” for modern platforms; BAE’s Military Air Solutions will lead a consortium to manage the project
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In anxious markets, defense contractors are a safe, stable bet
Market anxiety and worries about recession notwithstanding, U.S. defense companies are doing fine — and expect to be doing fine in the coming year; an analyst says that the defense industry is “a pillar of stability compared to the turbulent markets in other industries”
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New direction charted for wartime contracting
Government watchdog organizations say the cost of the war in Iraq has ballooned, in part, because of the dearth of trained acquisition professionals assigned to the theater and the failure of federal agencies to establish a uniform set of procurement policy guidelines
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American Superconductor's New York grid work moves forward
Massachusetts-based American Superconductor signed a contract to to develop and install new electrical power-grid technology in New York City which would enable Con Edison better to handle power surges and interruptions caused by accidents, weather or terrorist attacks; after government agencies’ squabble, and congressional examination of the contract, DHS tells company to go forward
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Invenergy, GE Energy in $1 billion wind turbine deal
Since 2004, GE’s wind turbine business has grown 500 percent, with its wind business revenues exceeding $4 billion in 2007; half of all wind turbines sold in the United States since 2005 were manufactured by GE
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VC investing rises 11 percent in 2007 to $29.4 billion
2007 saw U.S. VC funding continue to grow the fourth year in a row; there were 3,813 venture deals totaling $29.4 billion; clean technology, life sciences lead investments
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L-1 to acquire biometric access control specialist Bioscrypt
L-1 continues its expansionthrough-acquisition campaign; the latest acquisition is Candian biometrics specialist Bioscrypt; the acquisition would give L-1 a position in both the biometric physical and logical access control spaces as well as far more exposure to the commercial market than it currently has
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More headlines
The long view
A Key Step in Preventing a Future SolarWinds
In the weeks since news of the SolarWinds incident became public, commentators have offered no shortage of prescriptions for responding to the incident. Natalie Thompson writes that as information continues to emerge about the scope and scale of the incident and policymakers struggle with thorny questions regarding appropriate responses, urgent attention also is needed to actions that could prevent such large-scale catastrophes in the future.
The U.S.’s China Strategy Needs New Tools
Chinese state capitalism caught U.S. policymakers flat-footed. While far from perfect, the “China model” is dramatically reshaping global industry through the concentrated power of economic tools like subsidies, market protection, forced technology transfer and economic espionage. .” Jordan Schneider and David Talbot write that “the toolbox they inherited from the Trump administration is a few drill bits short.” The fact is, “Trump’s China trade strategy failed,” and “Trump’s tariffs also didn’t achieve their domestic objectives.” The U.S. needs to implement a multifaceted strategy to combat Chinese coercion,” Schneider and Talbot write, highlighting the essential components of this new strategy.
The Biden Administration Should Review and Rebuild the Trump Administration’s China Initiative from the Ground Up
In mid-January an MIT engineering professor Gang Chen was arrested as part of the Trump administration’s China Initiative, which was launched in November 2018 as a prosecutorial response to China’s persistent, pervasive, and well-documented campaign of economic espionage and illicit knowledge transfer. The Chen case demonstrates why the initiative’s overly broad focus on China has been met with relentless criticism from academic institutions and Asian American advocacy groups.
Erratic Weather Slows Down the Economy
If temperature varies strongly from day to day, the economy grows less. Through these seemingly small variations climate change may have strong effects on economic growth. In a new study, researchers juxtapose observed daily temperature changes with economic data from more than 1,500 regions worldwide over 40 years – with startling results.